Saturday, November 26, 2022

Cereals more expensive than in Germany since 2011

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As the Federal Statistical Office announced on Friday, import prices rose by 53.6 percent compared to the same month last year. The last time the rate of change was even higher was in May 2011 with a plus of 74.0 percent compared to May 2010.

“The war in Ukraine has an impact on the global grain supply and grain prices,” said the Federal Office. The price increases therefore run through all types of grain: in March 2022, wheat rose by a good 65 percent compared to the same month last year, barley, rye, oats also by around 65 percent and corn by 37 percent.

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